grainmarket properties limited Company Information
Company Number
03054080
Website
www.grainmarket.co.ukRegistered Address
1 gracechurch street, london, EC3V 0DD
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
02078420530
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
the trustees of the mjc trust 40.7%
abacus pension trustees ltd prosperity qnups re mr m. crader 40.6%
View Allgrainmarket properties limited Estimated Valuation
Pomanda estimates the enterprise value of GRAINMARKET PROPERTIES LIMITED at £14.1m based on a Turnover of £5.5m and 2.56x industry multiple (adjusted for size and gross margin).
grainmarket properties limited Estimated Valuation
Pomanda estimates the enterprise value of GRAINMARKET PROPERTIES LIMITED at £4.6m based on an EBITDA of £800.9k and a 5.8x industry multiple (adjusted for size and gross margin).
grainmarket properties limited Estimated Valuation
Pomanda estimates the enterprise value of GRAINMARKET PROPERTIES LIMITED at £84.9m based on Net Assets of £55.5m and 1.53x industry multiple (adjusted for liquidity).
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Grainmarket Properties Limited Overview
Grainmarket Properties Limited is a live company located in london, EC3V 0DD with a Companies House number of 03054080. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 1995, it's largest shareholder is the trustees of the mjc trust with a 40.7% stake. Grainmarket Properties Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.5m with declining growth in recent years.
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Grainmarket Properties Limited Health Check
Pomanda's financial health check has awarded Grainmarket Properties Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £5.5m, make it larger than the average company (£798.3k)
£5.5m - Grainmarket Properties Limited
£798.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (1.8%)
-9% - Grainmarket Properties Limited
1.8% - Industry AVG
Production
with a gross margin of 54.3%, this company has a higher cost of product (74.1%)
54.3% - Grainmarket Properties Limited
74.1% - Industry AVG
Profitability
an operating margin of 8.1% make it less profitable than the average company (37.2%)
8.1% - Grainmarket Properties Limited
37.2% - Industry AVG
Employees
with 11 employees, this is above the industry average (4)
11 - Grainmarket Properties Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
- Grainmarket Properties Limited
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £500.6k, this is more efficient (£176.4k)
£500.6k - Grainmarket Properties Limited
£176.4k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (30 days)
15 days - Grainmarket Properties Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is close to average (37 days)
36 days - Grainmarket Properties Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 545 days, this is more than average (63 days)
545 days - Grainmarket Properties Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 68 weeks, this is more cash available to meet short term requirements (16 weeks)
68 weeks - Grainmarket Properties Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52%, this is a lower level of debt than the average (62.1%)
52% - Grainmarket Properties Limited
62.1% - Industry AVG
grainmarket properties limited Credit Report and Business Information
Grainmarket Properties Limited Competitor Analysis
Perform a competitor analysis for grainmarket properties limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
grainmarket properties limited Ownership
GRAINMARKET PROPERTIES LIMITED group structure
Grainmarket Properties Limited has 6 subsidiary companies.
Ultimate parent company
GRAINMARKET PROPERTIES LIMITED
03054080
6 subsidiaries
grainmarket properties limited directors
Grainmarket Properties Limited currently has 4 directors. The longest serving directors include Mr Mark Crader (Oct 1995) and Mrs Elizabeth Morriss (Nov 2008).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Mark Crader | England | 61 years | Oct 1995 | - | Director |
Mrs Elizabeth Morriss | England | 60 years | Nov 2008 | - | Director |
Mr Peter Hart | England | 53 years | Oct 2020 | - | Director |
Mr Peter Hart | England | 53 years | Oct 2020 | - | Director |
GRAINMARKET PROPERTIES LIMITED financials
Grainmarket Properties Limited's latest turnover from March 2023 is £5.5 million and the company has net assets of £55.5 million. According to their latest financial statements, Grainmarket Properties Limited has 11 employees and maintains cash reserves of £7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 5,506,336 | 6,917,712 | 7,085,729 | 7,344,234 | 10,575,187 | 8,006,561 | 7,097,202 | 8,329,398 | 1,617,157 | 1,490,241 | ||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Cost Of Sales | 2,514,739 | -504,084 | 1,026,975 | 2,259,170 | 5,067,672 | 2,486,798 | 1,709,841 | 3,177,499 | 300,608 | 624,149 | ||||
Gross Profit | 2,991,597 | 7,421,796 | 6,058,754 | 5,085,064 | 5,507,515 | 5,519,763 | 5,387,361 | 5,151,899 | 1,316,549 | 866,092 | ||||
Admin Expenses | 2,546,746 | 8,769,075 | 1,477,341 | 3,972,998 | 2,581,789 | -19,391,461 | -1,545,390 | -20,284,125 | 733,860 | 596,709 | ||||
Operating Profit | 444,851 | -1,347,279 | 4,581,413 | 1,112,066 | 2,925,726 | 24,911,224 | 6,932,751 | 25,436,024 | 582,689 | 269,383 | ||||
Interest Payable | 2,082,360 | 2,017,726 | 1,834,762 | 1,993,546 | 1,599,192 | 1,930,128 | 2,904,610 | 2,433,855 | 536,592 | 541,777 | ||||
Interest Receivable | 224,478 | 111,699 | 12,143 | 5,276 | 66,848 | 26,020 | 2,128 | 488 | 0 | 133,204 | ||||
Pre-Tax Profit | -9,467,940 | 9,164,262 | 1,669,538 | -1,874,409 | -699,148 | 23,538,037 | 5,346,015 | 27,913,854 | 1,196,809 | -1,405,157 | ||||
Tax | -194,208 | 3,084,321 | -1,214,504 | 890,779 | 40,197 | -3,803,293 | 1,705,516 | -5,351,958 | 683,874 | -673 | ||||
Profit After Tax | -9,662,148 | 12,248,583 | 455,034 | -983,630 | -658,951 | 19,734,744 | 7,051,531 | 22,561,896 | 1,880,683 | -1,405,830 | ||||
Dividends Paid | 0 | 0 | 0 | 0 | 850,720 | 774,200 | 20,000 | 10,000 | 30,000 | 0 | ||||
Retained Profit | -9,031,484 | 11,427,806 | 355,238 | -986,506 | -1,503,515 | 16,796,388 | 6,179,405 | 20,767,578 | 1,850,683 | -1,405,830 | ||||
Employee Costs | 225,231 | 179,694 | 245,065 | 210,785 | ||||||||||
Number Of Employees | 11 | 8 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |||||
EBITDA* | 800,892 | -887,674 | 4,978,898 | 1,437,145 | 3,170,069 | 25,061,511 | 7,058,327 | 25,584,642 | 582,689 | 446,102 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,407,646 | 1,700,207 | 1,946,393 | 1,746,819 | 1,915,884 | 1,588,494 | 1,424,121 | 1,414,540 | 1,355,717 | 1,615,364 | 1,777,688 | 1,959,898 | 2,183,875 | 2,295,607 |
Intangible Assets | 419,840 | 483,320 | 623,482 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 106,300,709 | 114,975,660 | 107,126,175 | 109,153,670 | 101,920,461 | 103,890,845 | 104,041,231 | 104,085,168 | 26,711,474 | 41,777,819 | 36,858,773 | 38,425,996 | 38,356,423 | 26,920,152 |
Debtors (Due After 1 year) | 135,141 | 174,726 | 470,827 | 548,611 | 514,530 | 625,137 | 521,491 | 577,294 | 0 | 123,726 | 147,139 | 168,761 | 185,680 | 150,974 |
Total Fixed Assets | 108,263,336 | 117,333,913 | 110,166,877 | 111,449,100 | 104,350,875 | 106,104,476 | 105,986,843 | 106,077,002 | 28,067,191 | 43,516,909 | 38,783,600 | 40,554,655 | 40,725,978 | 29,366,733 |
Stock & work in progress | 3,760,000 | 4,780,000 | 0 | 501,397 | 501,397 | 3,571,188 | 2,530,463 | 282,155 | 1,390,457 | 837,812 | 0 | 0 | 0 | 0 |
Trade Debtors | 240,837 | 447,103 | 778,626 | 686,047 | 586,685 | 276,225 | 1,217,742 | 205,128 | 94,629 | 852,223 | 693,610 | 1,710,766 | 1,414,094 | 142,079 |
Group Debtors | 0 | 0 | 0 | 0 | 1,489,900 | 1,811,700 | 2,306,201 | 3,376,553 | 2,962,192 | 0 | 0 | 0 | 0 | 845,679 |
Misc Debtors | 1,917,590 | 13,882,620 | 2,466,188 | 3,728,538 | 5,478,090 | 3,457,964 | 2,034,619 | 1,485,409 | 647,114 | 51,136 | 0 | 7,874 | 15,559 | 264,379 |
Cash | 6,951,118 | 1,141,233 | 2,181,334 | 2,126,594 | 4,830,899 | 5,515,188 | 1,692,718 | 987,978 | 102,047 | 307,269 | 859,171 | 240,172 | 352,276 | 307,315 |
misc current assets | 726,266 | 1,663,199 | 6,668,315 | 5,590,379 | 1,138,990 | 0 | 0 | 0 | 0 | 0 | 1,980,658 | 0 | 0 | 0 |
total current assets | 13,595,811 | 21,914,155 | 12,094,463 | 12,632,955 | 14,025,961 | 14,632,265 | 9,781,743 | 6,337,223 | 5,196,439 | 2,048,440 | 3,533,439 | 1,958,812 | 1,781,929 | 1,559,452 |
total assets | 121,859,147 | 139,248,068 | 122,261,340 | 124,082,055 | 118,376,836 | 120,736,741 | 115,768,586 | 112,414,225 | 33,263,630 | 45,565,349 | 42,317,039 | 42,513,467 | 42,507,907 | 30,926,185 |
Bank overdraft | 0 | 5,425,000 | 0 | 150,329 | 232,081 | 0 | 8,830 | 835,888 | 1,007,520 | 0 | 0 | 0 | 0 | 792,394 |
Bank loan | 0 | 0 | 0 | 0 | 722,980 | 722,980 | 3,110,284 | 8,700,000 | 971,355 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 251,667 | 456,945 | 272,858 | 175,383 | 394,753 | 112,788 | 107,528 | 161,788 | 4,949 | 30,901,363 | 2,631,209 | 2,037,850 | 3,845,598 | 111,587 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,308 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 5,000,823 | 7,087,286 | 3,296,191 | 7,723,691 | 7,648,719 | 5,837,946 | 7,068,865 | 6,378,247 | 1,401,756 | 0 | 0 | 0 | 0 | 786,152 |
total current liabilities | 5,252,490 | 12,969,231 | 3,569,049 | 8,049,403 | 8,998,533 | 6,673,714 | 10,295,507 | 16,075,923 | 3,385,580 | 30,901,363 | 2,631,209 | 2,037,850 | 3,845,598 | 1,727,441 |
loans | 54,189,019 | 54,189,019 | 54,239,019 | 54,189,019 | 45,544,025 | 47,837,070 | 56,840,788 | 52,476,726 | 13,793,563 | 0 | 0 | 0 | 0 | 21,241,887 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 2,487,091 | 2,651,091 | 1,617,286 | 426,049 | 516,182 | 626,826 | 523,182 | 110,964 | 1,689 | 335,783 | 29,527,866 | 31,022,374 | 29,160,398 | 0 |
provisions | 1,449,941 | 1,644,149 | 5,919,480 | 4,561,428 | 5,344,949 | 5,828,838 | 3,740,481 | 6,238,515 | 1,122,597 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 58,126,051 | 58,484,259 | 61,775,785 | 59,176,496 | 51,405,156 | 54,292,734 | 61,104,451 | 58,826,205 | 14,917,849 | 335,783 | 29,527,866 | 31,022,374 | 29,160,398 | 21,241,887 |
total liabilities | 63,378,541 | 71,453,490 | 65,344,834 | 67,225,899 | 60,403,689 | 60,966,448 | 71,399,958 | 74,902,128 | 18,303,429 | 31,237,146 | 32,159,075 | 33,060,224 | 33,005,996 | 22,969,328 |
net assets | 55,512,735 | 64,196,043 | 56,090,108 | 55,885,278 | 56,871,781 | 58,528,572 | 41,732,184 | 35,727,779 | 14,960,201 | 14,328,203 | 10,157,964 | 9,453,243 | 9,501,911 | 7,956,857 |
total shareholders funds | 55,512,735 | 64,196,043 | 56,090,108 | 55,885,278 | 56,871,781 | 58,528,572 | 41,732,184 | 35,727,779 | 14,960,201 | 14,328,203 | 10,157,964 | 9,453,243 | 9,501,911 | 7,956,857 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 444,851 | -1,347,279 | 4,581,413 | 1,112,066 | 2,925,726 | 24,911,224 | 6,932,751 | 25,436,024 | 582,689 | 269,383 | ||||
Depreciation | 292,561 | 374,508 | 341,162 | 325,079 | 244,343 | 150,287 | 125,576 | 148,618 | 0 | 148,915 | 235,109 | 278,636 | 377,543 | 176,719 |
Amortisation | 63,480 | 85,097 | 56,323 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -194,208 | 3,084,321 | -1,214,504 | 890,779 | 40,197 | -3,803,293 | 1,705,516 | -5,351,958 | 683,874 | -673 | ||||
Stock | -1,020,000 | 4,780,000 | -501,397 | 0 | -3,069,791 | 1,040,725 | 2,248,308 | -1,108,302 | 552,645 | 837,812 | 0 | 0 | 0 | 0 |
Debtors | -12,210,881 | 10,788,808 | -1,247,555 | -3,106,009 | 1,898,179 | 90,973 | 435,669 | 1,940,449 | 2,676,850 | 186,336 | -1,046,652 | 272,068 | 212,222 | 1,403,111 |
Creditors | -205,278 | 184,087 | 97,475 | -219,370 | 281,965 | 5,260 | -54,260 | 156,839 | -30,896,414 | 28,270,154 | 593,359 | -1,807,748 | 3,734,011 | 111,587 |
Accruals and Deferred Income | -2,086,463 | 3,791,095 | -4,427,500 | 74,972 | 1,810,773 | -1,230,919 | 690,618 | 4,976,491 | 1,401,756 | 0 | 0 | 0 | -786,152 | 786,152 |
Deferred Taxes & Provisions | -194,208 | -4,275,331 | 1,358,052 | -783,521 | -483,889 | 2,088,357 | -2,498,034 | 5,115,918 | 1,122,597 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 11,351,616 | -13,672,310 | 2,541,373 | 4,506,014 | 5,990,727 | 20,989,218 | 4,218,190 | 29,649,785 | -30,334,993 | -59,943 | ||||
Investing Activities | ||||||||||||||
capital expenditure | -14,385,096 | -2,414,422 | 15,052,187 | 4,198,332 | -49,345,670 | |||||||||
Change in Investments | -8,674,951 | 7,849,485 | -2,027,495 | 7,233,209 | -1,970,384 | -150,386 | -43,937 | 77,373,694 | -15,066,345 | 4,919,046 | -1,567,223 | 69,573 | 11,436,271 | 26,920,152 |
cash flow from investments | -21,618,305 | -444,038 | 15,202,573 | 4,242,269 | -126,719,364 | |||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | -722,980 | 0 | -2,387,304 | -5,589,716 | 7,728,645 | 971,355 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,308 | 37,308 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | -50,000 | 50,000 | 8,644,994 | -2,293,045 | -9,003,718 | 4,364,062 | 38,683,163 | 13,793,563 | 0 | 0 | 0 | -21,241,887 | 21,241,887 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -164,000 | 1,033,805 | 1,191,237 | -90,133 | -110,644 | 103,644 | 412,218 | 109,275 | -334,094 | -29,192,083 | -1,494,508 | 1,861,976 | 29,160,398 | 0 |
share issue | ||||||||||||||
interest | -1,857,882 | -1,906,027 | -1,822,619 | -1,988,270 | -1,532,344 | -1,904,108 | -2,902,482 | -2,433,367 | -536,592 | -408,573 | ||||
cash flow from financing | -1,673,706 | -4,244,093 | -731,790 | 5,843,614 | -4,089,309 | -13,191,486 | -3,890,918 | 44,087,716 | 12,675,547 | 30,233,309 | ||||
cash and cash equivalents | ||||||||||||||
cash | 5,809,885 | -1,040,101 | 54,740 | -2,704,305 | -684,289 | 3,822,470 | 704,740 | 885,931 | -205,222 | -551,902 | 618,999 | -112,104 | 44,961 | 307,315 |
overdraft | -5,425,000 | 5,425,000 | -150,329 | -81,752 | 232,081 | -8,830 | -827,058 | -171,632 | 1,007,520 | 0 | 0 | 0 | -792,394 | 792,394 |
change in cash | 11,234,885 | -6,465,101 | 205,069 | -2,622,553 | -916,370 | 3,831,300 | 1,531,798 | 1,057,563 | -1,212,742 | -551,902 | 618,999 | -112,104 | 837,355 | -485,079 |
P&L
March 2023turnover
5.5m
-20%
operating profit
444.9k
-133%
gross margin
54.4%
-49.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
55.5m
-0.14%
total assets
121.9m
-0.12%
cash
7m
+5.09%
net assets
Total assets minus all liabilities
grainmarket properties limited company details
company number
03054080
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
May 1995
age
29
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
1 gracechurch street, london, EC3V 0DD
last accounts submitted
March 2023
grainmarket properties limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 40 charges/mortgages relating to grainmarket properties limited. Currently there are 1 open charges and 39 have been satisfied in the past.
grainmarket properties limited Companies House Filings - See Documents
date | description | view/download |
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